FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Deloitte Corporate Finance Advises Consolidated Systems in Recent Deals

March 25, 2016, 07:37 AM
Filed Under: Mergers & Acquisitions

Deloitte Corporate Finance LLC ("DCF") acted as exclusive financial advisor to South Carolina-based Consolidated Systems, Inc. ("CSi") in three recent sell-side transactions, including asset divestitures to Steel Dynamics, Inc., a major metal coatings company, and a large steel service center.

The fourth largest manufacturer of bridge/roof decking in the United States, CSi closed the sale of its steel decking assets to Steel Dynamics, Inc. on Sept. 14, 2015. CSi's satisfaction with that transaction led CSi to engage DCF for two additional transactions that both closed on Dec. 15, 2015: the sale of coil coating and processing assets from CSi business unit Consolidated Metal Products to a metal coating company for operation as a toll processing facility and the sale of other assets to a steel service center and distributor expanding its business in the Southeast.

"Deloitte Corporate Finance did an excellent job of helping us navigate the complicated process of selling three groups of assets so quickly, with two of those deals closing simultaneously. We would not have been able to execute these transactions without the insight DCF was able to provide," said Tony Hardwick, member of the Board of Directors at CSi.

"Working with CSi's shareholders and board through each of these deals has been rewarding. Each buyer that acquired assets from CSi has a reputation for operational excellence and, through strong collaboration with CSi leaders, executed the deals well," said Brad Winer, Industrials Group Managing Director at Deloitte Corporate Finance. 

Founded in 1954 and headquartered in Columbia, SC, Consolidated Systems, Inc. established itself as an industry leader in steel fabrication and processing serving the construction and OEM markets, and also as a preferred manufacturer and supplier of metal roof, floor, and form deck systems for structural and architectural applications.

Steel Dynamics, Inc. is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with annual sales of $7.6 billion in 2015, approximately 7,500 employees, and manufacturing facilities primarily located throughout the United States (including six electric-arc-furnace steel mills, eight steel coating lines, an iron production facility, approximately 80 metals recycling locations and eight steel fabrication plants).

Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.